Daily Current Affairs Quiz – 01st October 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 01st October 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) When will the new securities transaction tax rates for futures and options go into effect, according to the report?

(a) October 1, 2024

(b) September 30, 2024

(d) November 1, 2024

(e) December 1, 2024

2) According to India foreign exchange reserves hit a new high of $692.3 billion on September 20, 2024, the sixth week in a row of rises. As of May 2024, which nation has the largest foreign exchange reserves, including gold reserves?

(a) China

(b) Japan

(d) Hong Kong

(e) Russia

3) In which state does Prime Minister Narendra Modi dedicate and inaugurate projects worth ₹11,200 crore?

(a) Gujarat

(b) Madhya Pradesh

(d) Andhra Pradesh

(e) Bihar

4) The administration plans to present three legislation to enable nationwide elections to be held simultaneously. How many additional subclauses were recommended by the high-level committee in addition to the revisions to three Articles?

(a) 11

(b) 12

(d) 14

(e) 15

5) Which nation’s border is the location of the new ground command that the North Atlantic Treaty Organization (NATO) will establish in eastern Finland in 2025?

(a) Sweden

(b) Russia

(d) USA

(e) Japan

6) To give pupils an immersive learning experience outside of the classroom, the Telangana government launched the “Telangana Darshini” program. What is the estimated amount of crore that the Telangana government has allocated?

(a) ₹12.10 crore

(b) ₹10.10 crore

(d) ₹13.10 crore

(e) ₹15.10 crore

7) Which ministry has implemented the cloud-based data processing portal e-Sigma and the public data access site e-Sankhyiki?

(a) Ministry of information & broadcasting

(b) Ministry of MSME

(d) Ministry of Home Affairs

(e) Ministry of Statistics and Programme Implementation

8) Which country has gold reserves that are nearly as huge as all of Germany, Italy, and France put together?

(a) China

(b) Singapore

(d) Japan

(e) Turkey

9) Where was the International Indian Film Academy (IIFA) 2024 held, with personalities from the Hindi cinema business that were well-known?

(a) Abu Dhabi

(b) Tokyo

(d) Moscow

(e) Rome

10) The 61-year-old Justice Manmohan took his oath of office to become the Delhi High Court’s ______Chief Justice.

(a) 31st

(b) 32nd

(d) 34th

(e) 30th

11) Which state’s police department appointed IPS officer Nalin Prabhat as Special Director General Police (SDGP) under the Ministry of Home Affairs (MHA)?

(a) Sikkim

(b) Assam

(d) Jammu & Kashmir

(e) Uttarakhand

12) The general insurer IFFCO Tokio General Insurance Company Limited (IFFCO Tokio) has named Subrata Mondal as its new managing director and chief executive officer. Which year did he start working at IFFCO Tokio?

(a) 2000

(b) 2001

(d) 2003

(e) 2005

13) On November 12, 2024, Vistara will merge with Air India, bringing an end to its almost ten-year adventure. The Air India group will fly a combined fleet of ____________ aircraft following the merger.

(a) 281

(b) 251

(d) 291

(e) 261

14) With the goal of circumnavigating the world, the Indian Navy is starting the second iteration of the Navika Sagar Parikrama voyage. From September 2017 to May 2018, six female officers participated in the inaugural Navika Sagar Parikrama, which covered around 22,000 nautical miles and visited how many countries?

(a) 4

(b) 3

(d) 7

(e) 8

15) Recently the National Aeronautics and Space Administration (NASA) astronaut Sunita Williams has assumed leadership of the International Space Station (ISS), marking her second tenure as the station’s commander. In Which year did she serve as the commander of Expedition 33 previously?

(a) 2010

(b) 2014

(d) 2013

(e) 2011

16) The latest nuclear-powered submarine built in China sunk in the spring of 2024 at the pier. The Zhou-class submarines have a ________stern shape designed for increased underwater mobility.

(a) S

(b) X

(d) L

(e) U

17) In which MCC-Murugappa Gold All-India Hockey Tournament final did Indian Railways triumph, defeating Indian Oil Corporation (IOC) 5-3?

(a) 93rd

(b) 95th

(d) 98th

(e) 94th

18) At the ISSF Junior World Championship in Peru, India won gold in the 10m air pistol category for both men’s and women’s teams. With a score of 1707, which nation took home the bronze?

(a) Romania

(b) Italy

(d) Switzerland

(e) France

19) On October 1st is always recognized as the International Day of Older Persons. Which year was this day first observed?

(a) 1990

(b) 1991

(d) 1993

(e) 1995

20) Which year did the International Coffee Organization formally declare that October 1st is International Coffee Day?

(a) 2012

(b) 2014

(d) 2013

(e) 2010

Answers :

1) Answer: A

Short Explanation:

Amid concerns about rising investor trading in the Futures & Options (F&O) segment, the new securities transaction tax (STT) levied on the sale of futures and options contracts will kick in from October 1, 2024.

Options: STT will increase from 0.0625% to 0.1%.

Futures: STT will rise from 0.0125% to 0.02%.

Detailed Explanation:

Options: STT will increase from 0.0625% to 0.1%.

Futures: STT will rise from 0.0125% to 0.02%.

Objective: The increased STT aims to curb excessive speculative trading in the F&O segment, particularly among retail investors.

Impact on Retail Investors: Concerns have been raised about significant losses incurred by retail investors in the F&O market, with individual aggregate losses exceeding ₹1.8 lakh crore from FY22 to FY24.

Retail Investor Losses : Loss Statistics:

93% of over 1 crore individual F&O traders experienced average losses of around ₹2 lakh.

The top 3.5% of loss-makers (about 4 lakh traders) lost an average of ₹28 lakh each.

2) Answer: A

Short Explanation:

As of September 20, 2024, India’s foreign exchange reserves reached a record high of $692.3 billion, marking the sixth consecutive week of increases.

Detailed Explanation:

As of September 20, 2024, India’s foreign exchange reserves reached a record high of $692.3 billion, marking the sixth consecutive week of increases.

Foreign Currency Assets: The largest component rose to $605.7 billion, up from $603.6 billion in the previous week.

Gold Reserves: The RBI data also showed a $726 million increase in Gold reserves to $63.613 billion in the latest filing, compared to $62.887 billion in the September 13 data.

Gold is the second largest contributor to India’s forex reserve.

3) Answer: C

Short Explanation:

Prime Minister Narendra Modi inaugurated several significant projects in Maharashtra via video conferencing, including the first phase of the Pune Metro and the upgraded Solapur Airport.

The total investment for these initiatives exceeds ₹11,200 crore, initially set for unveiling on September 26, but postponed due to heavy rains.

Detailed Explanation:

The total investment for these initiatives exceeds ₹11,200 crore, initially set for unveiling on September 26, but postponed due to heavy rains.

Pune Metro Rail Project:

Laid the foundation stone for the Swargate-Katraj Extension of Pune Metro Phase-1, estimated at ₹2,955 crore, covering 5.46 km and including three stations: Market Yard, Padmavati, and Katraj.

Solapur Airport:

The upgraded terminal building is designed to handle approximately 4.1 lakh passengers annually.

4) Answer: B

Short Explanation:

The government intends to introduce three bills aimed at facilitating simultaneous elections across the country.

Two of these bills will propose amendments to the Constitution, specifically to align local body elections with those of the Lok Sabha and state assemblies.

The high-level committee proposed amendments to three Articles, the addition of 12 new sub-clauses, and modifications to three laws related to Union Territories, resulting in a total of 18 amendments and insertions.

Detailed Explanation:

The government intends to introduce three bills aimed at facilitating simultaneous elections across the country.

Two of these bills will propose amendments to the Constitution, specifically to align local body elections with those of the Lok Sabha and state assemblies.

The committee’s report, submitted before the recent general election, recommended implementing “one nation, one election” in two phases:

Phase 1: Simultaneous polls for Lok Sabha and state assemblies.

Phase 2: Elections for local bodies like panchayats and municipalities within 100 days of the general election.

5) Answer: B

Short Explanation:

The North Atlantic Treaty Organisation (NATO) will set up a new land command in eastern Finland, near the Russian border, in 2025.

This command will oversee land force operations in northern Europe during military conflicts.

Detailed Explanation:

The North Atlantic Treaty Organisation (NATO) will set up a new land command in eastern Finland, near the Russian border, in 2025.

This command will oversee land force operations in northern Europe during military conflicts.

The decision comes after Finland joined NATO in 2023 in response to Russia’s invasion of Ukraine in 2022.

Finland is organizing NATO’s presence on its territory.

Unit Designation: The new unit will be known as the Multi Corps Land Component Command and will operate under NATO’s Norfolk Joint Force Command based in the United States.

Initial Composition and Budget: The unit will start with a few dozen international officials and will have an annual budget of €8.5 million (approximately $9.5 million).

6) Answer: A

Short Explanation:

The Telangana government has set in motion ‘Telangana Darshini’, a scheme aimed at providing students with an immersive learning experience outside the classroom.

Budget Allocation: The Telangana government has allocated approximately ₹12.10 crore for the program, covering travel, accommodation, and meals.

Detailed Explanation:

The Telangana government has set in motion ‘Telangana Darshini’, a scheme aimed at providing students with an immersive learning experience outside the classroom.

The programme, under the Youth Advancement, Tourism, and Culture (T&PMU) Department, is designed to take school and college students on educational tours across the State.

Target Audience: The initiative caters to school and college students, from Class 2 to graduation level, ensuring the activities are suitable for different age groups.

Classes 2-4: Short day trips to local heritage sites and parks within their village or mandal.

Classes 5-8: Day trips to destinations within a 20-30 km radius of their schools.

Class 9 to Intermediate: Extended tours covering 50-70 km for two days.

University Students: Four-day tours outside their home district.

Budget Allocation: The Telangana government has allocated approximately ₹12.10 crore for the program, covering travel, accommodation, and meals.

Cost Per Student: Costs vary based on trip length:

One-day tours: ₹300 for younger students.

Four-day tours for university students: ₹4,000 per student.

7) Answer: E

Short Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) will publish GDP growth data with a new base year of 2022-23 by February 2026.

MoSPI will release the first flash data on employment and unemployment from the Periodic Labour Force Survey (PLFS) by February 2025.

MoSPI has adopted e-Sigma, a cloud-based portal for data processing and E-Sankhyiki portal for public access to data.

Detailed Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) will publish GDP growth data with a new base year of 2022-23 by February 2026.

MoSPI will release the first flash data on employment and unemployment from the Periodic Labour Force Survey (PLFS) by February 2025.

The data will provide unemployment figures for both rural and urban areas, and back series data will be included for comparison.

MoSPI has adopted e-Sigma, a cloud-based portal for data processing and E-Sankhyiki portal for public access to data.

These initiatives aim to improve data dissemination and collection efficiency, especially for capex surveys.

New surveys on domestic tourism expenditure, household travel, and health expenses will be included in the next round of the National Sample Survey.

These surveys are designed to identify drivers of GDP growth and address data gaps for achieving the target of Viksit Bharat by 2047.

8) Answer: C

Short Explanation:

The United States holds the largest gold reserves, almost equal to the combined total of Germany, Italy, and France.

Detailed Explanation:

Price Surge: In 2024, gold prices have surged by nearly 20%due to significant purchases by central banks, rising consumer demand, and increased interest in safe-haven assets amid geopolitical uncertainties.

The United States holds the largest gold reserves, almost equal to the combined total of Germany, Italy, and France.

India ranks 8th globally with 840.76 metric tonnes of gold reserves, driven by its position as one of the largest gold markets and rising affluence.

9) Answer: A

Short Explanation:

The International Indian Film Academy (IIFA) 2024 took place in Abu Dhabi, featuring prominent stars from the Hindi film industry, including Shah Rukh Khan, Rani Mukerji, Hema Malini, Rekha, Anil Kapoor, and more.

Shah Rukh Khan served as a host alongside Vicky Kaushal and Karan Johar, captivating the audience with a lively performance of his hit song “Jhoome Jo Pathaan.”

Detailed Explanation:

Shah Rukh Khan served as a host alongside Vicky Kaushal and Karan Johar, captivating the audience with a lively performance of his hit song “Jhoome Jo Pathaan.”

Major Winners Announced:

Best Film: Animal by Sandeep Reddy Vanga

Best Actor: Shah Rukh Khan for Jawan

Best Actress: Rani Mukerji for Mrs. Chatterjee vs Norway

Best Director: Vidhu Vinod Chopra for 12th Fail

Best Supporting Actor: Anil Kapoor for Animal

Best Supporting Actress: Shabana Azmi for Rocky Aur Rani Kii Prem Kahaani

Best Actor in a Negative Role: Bobby Deol for Animal

Best Music: Animal

Best Lyrics: Siddharth-Garima for Satranga from Animal

10) Answer: B

Short Explanation:

Justice Manmohan, 61 years old, took oath as the 32nd Chief Justice of the Delhi High Court.

He Succeeded Justice Satish Chandra Sharma.

Detailed Explanation:

Justice Manmohan, 61 years old, took oath as the 32nd Chief Justice of the Delhi High Court.

The oath was administered by Lieutenant Governor Vinai Kumar Saxena at the Raj Niwas, the LG’s secretariat.

He Succeeded Justice Satish Chandra Sharma.

The ceremony was attended by dignitaries, including Delhi Chief Minister Atishi.

Justice Manmohan was appointed as the Acting Chief Justice of the Delhi High Court on November 9, 2023, following the elevation of the then Chief Justice Satish Chandra Sharma to the Supreme Court.

11) Answer: D

Short Explanation:

The Ministry of Home Affairs (MHA) appointed IPS officer Nalin Prabhat as Special Director General Police (SDGP) of the Jammu & Kashmir Police.

He succeeds R.R. Swain (IPS), who is set to retire upon reaching superannuation on September 30, 2024.

Detailed Explanation:

The Ministry of Home Affairs (MHA) appointed IPS officer Nalin Prabhat as Special Director General Police (SDGP) of the Jammu & Kashmir Police.

Nalin Prabhat will also assume the role of Director General of Police (DGP) for J&K effective October 1, 2024.

As DGP, he will be responsible for overseeing police operations and addressing security challenges in Jammu & Kashmir.

He succeeds R.R. Swain (IPS), who is set to retire upon reaching superannuation on September 30, 2024.

12) Answer: B

Short Explanation:

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio), a general insurer, has appointed a new Managing Director and Chief Executive Officer in Subrata Mondal.

Mondal has over 36 years of experience in the insurance industry and has been with IFFCO Tokio since 2001.

Detailed Explanation:

IFFCO Tokio General Insurance Company Limited (IFFCO Tokio), a general insurer, has appointed a new Managing Director and Chief Executive Officer in Subrata Mondal.

Mondal has over 36 years of experience in the insurance industry and has been with IFFCO Tokio since 2001.

Before becoming MD & CEO, he served as Chief Underwriter, overseeing underwriting for various business lines, including property.

IFFCO Tokio General Insurance is a joint venture between the Indian Farmers Fertilisers Co-operative (IFFCO) and Japan’s Tokio Marine Group, with a shareholding structure of 51:49.

13) Answer: D

Short Explanation:

Vistara will merge with Air India on November 12, 2024 marking the end of Vistara’s nearly decade-long journey.

Fleet Size and Operations: After the merger, the Air India group will operate a combined fleet of 291 aircraft (including Air India, AI Express, and Vistara).

Detailed Explanation:

Vistara will merge with Air India on November 12, 2024 marking the end of Vistara’s nearly decade-long journey.

The merger date follows the Centre’s approval of Singapore Airlines’ (SIA) ₹2,058 crore investment in the Air India group.

Background: In November 2022, Tata Sons and Singapore Airlines announced plans to integrate Vistara with Air India to enhance operational synergies and increase market share in the rapidly growing Indian aviation sector.

Fleet Size and Operations: After the merger, the Air India group will operate a combined fleet of 291 aircraft (including Air India, AI Express, and Vistara).

Passenger Traffic: Currently, the Air India group carriers serve approximately 1.7 lakh passengers daily.

14) Answer: C

Short Explanation:

Indian Navy is launching the second edition of the Navika Sagar Parikrama expedition, aimed at circumnavigating the globe.

The expedition will begin on October 2, 2024.

The first edition of Navika Sagar Parikrama occurred from September 2017 to May 2018, with six women officers covering about 22,000 nautical miles and visiting five countries: Australia, New Zealand, Falkland Islands (U.K.), South Africa, and Mauritius.

Detailed Explanation:

Indian Navy is launching the second edition of the Navika Sagar Parikrama expedition, aimed at circumnavigating the globe.

The expedition will begin on October 2, 2024.

The officers will sail on the Indian Naval Sailing Vessel (INSV) Tarini, a 55-foot indigenously built sailing vessel inducted into the Navy in February 2017

Route and Distance: The voyage will cover over 21,600 nautical miles (approximately 40,000 km) and will take about eight months, relying solely on wind power without external assistance.

The second edition of the expedition will be an exceptional one as they will become the first from India to accomplish such a feat in double-handed mode.

15) Answer: C

Short Explanation:

National Aeronautics and Space Administration (NASA) astronaut Sunita Williams has assumed command of the International Space Station (ISS), marking her second stint as the station’s leader.

She previously served as commander during Expedition 33 in 2012.

Detailed Explanation:

She previously served as commander during Expedition 33 in 2012.

Current Mission Details:Williams, along with fellow astronaut Butch Wilmore, has been aboard the ISS since June 5, 2024, after launching on Boeing’s Starliner spacecraft, which marked its first crewed flight.

Their mission was initially planned for eight days but has been extended to February 2025 due to technical issues with the Starliner.

Experience and Achievements:Sunita Williams has logged over 322 days in space and holds the record for the most spacewalks by a woman.

16) Answer: B

Short Explanation:

China’s newest nuclear-powered submarine sank pierside in the spring of 2024.

The Chinese Navy attempted to conceal the loss of the submarine, which was the first of its new Zhou-class line.

Submarine Specifications:The Zhou-class submarines feature a distinctive X-shaped stern designed for improved underwater maneuverability.

Future Projections:Despite retiring older submarines, China expects to have 65 submarines by 2025 and 80 by 2035, due to increasing submarine construction capacity.

Detailed Explanation:

China’s newest nuclear-powered submarine sank pierside in the spring of 2024.

The Chinese Navy attempted to conceal the loss of the submarine, which was the first of its new Zhou-class line.

Submarine Specifications:The Zhou-class submarines feature a distinctive X-shaped stern designed for improved underwater maneuverability.

The submarine was under construction at a shipyard near Wuhan.

Satellite Imagery:Satellite images from Maxar Technologies show the submarine docked at the port on March 10 and missing from the pier by June.

Future Projections:Despite retiring older submarines, China expects to have 65 submarines by 2025 and 80 by 2035, due to increasing submarine construction capacity.

17) Answer: B

Short Explanation:

Indian Railways emerged victorious with a 5-3 win over Indian Oil Corporation (IOC) in the final of the 95th MCC-Murugappa Gold All-India Hockey Tournament.

IOC’s efforts in attack fell short in the final third, converting only 1 of their 8 penalty corners.

Detailed Explanation:

Indian Railways emerged victorious with a 5-3 win over Indian Oil Corporation (IOC) in the final of the 95th MCC-Murugappa Gold All-India Hockey Tournament.

Railways dominated the tournament, and in the final, they prevented IOC, which included former Olympians and international players, from gaining control.

Railways struggled slightly with penalty corner conversions, converting only 1 out of 9 attempts.

IOC’s efforts in attack fell short in the final third, converting only 1 of their 8 penalty corners.

18) Answer: B

Short Explanation:

India secured gold in both men’s and women’s team events in the 10m air pistol category at the ISSF Junior World Championship in Peru.

The men’s team, comprising Umesh Choudhary, Pradhyumn Singh, and Mukesh Nelavalli, scored 1726 points to finish 10 points ahead of Romania and secure the gold medal. Italy claimed the bronze with a score of 1707.

Detailed Explanation:

India secured gold in both men’s and women’s team events in the 10m air pistol category at the ISSF Junior World Championship in Peru.

Umesh Choudhary was penalized two points for reporting late, missing out on a potential individual gold. He finished sixth, while Pradhyumn Singh finished eighth in the individual finals.

Luca Joldea of Romania won the men’s individual gold, and Chinese Taipei’s Hsieh Hsiang-Chen secured silver.

19) Answer: B

Short Explanation:

The International Day of Older Persons is observed every year on 1st October

The theme for the 2024 United Nations International Day of Older Persons (UNIDOP) is “Ageing with Dignity: The Importance of Strengthening Care and Support Systems for Older Persons Worldwide”.

This day was first observed on October 1, 1991.

Detailed Explanation:

The International Day of Older Persons is observed every year on 1st October

In 1990, the United Nations General Assembly adopted resolution 45/106 and declared October 1 as the International Day of Older Persons.

This day was first observed on October 1, 1991.

20) Answer: C

Short Explanation:

The International Coffee Day is observed on 1st October of every year.

The International Coffee Organisation first declared the International Coffee Day.

So in 2015, the International Coffee Organisation officially announced that International Coffee Day is celebrated on October 1.

Detailed Explanation:

The International Coffee Day is observed on 1st October of every year.

The International Coffee Organisation first declared the International Coffee Day.

The International Coffee Organisation was started in the year of 1963.

In 1977, the International Coffee Association celebrated International Coffee Day in China.

The United States declared the National Coffee Day in the year of 2005.

So in 2015, the International Coffee Organisation officially announced that International Coffee Day is celebrated on October 1.

This post was last modified on October 2, 2024 5:39 pm

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Daily Current Affairs Quiz – 01st October 2024

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